The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-02-27

10 be under the ex ;lusive control OF
three Commissi oneTs, 10 be Fl st ep
pointed by the Governor. At the fret
succeeding mu icipll election one
shall b. chosen by the people, inst ss
tie Police aud FIRE Comm ssioneis
now are, to supplsnt ons of the APP
pointees, who shall hold for term Of
two years. At The next election there
after another shall be elected to hold
for q similar term, and at the ntxJ
election the third likewise. There
after one shall be elected every two
years. The Clmm ssioneT holding on
uatil the last under appointment shall
be the chairman, and exercise all the
powers conferred upon him by the
U m nissioners of Water Supply,
through the bylaws which they snail
have power to make, for the proper
collation. of their duties, and there.
alter he shall be elected by the board
itself.
8. The Chairman shall receive cal
airy of 10000 and the others $500 each
per mum, 10 be paid as the salaries Of
other City officials ara aud not other
wise.
A. This department shall have pow.
er to issue bonds bearing any rat OF
interest not exceeding 6 per cent. par
annum and in suffi !ient smoun's to
NEST the needs of the depar msnt
from time to time. But the issues
shall be divided into series not to ex-
coed 100000 each, aud each series
shall have priority Of payment for
prin cipsl and interest in the order OF
ils issue. The city of Memphis shall
not be generally liable for either the
principal or interest of the water sup.
ply bonds under any circumstances
Whatever, but the said department
shell provide for the payment thereof
solely out of its own revenue, to be
derived from public and private water
rates. And it shall have power 10
pledge by mortgage or other legal con-
veyance the raid works, together with
ali its revenues from public and
private water rates, and the privilege
OF iurnishing water to the city and its
inhab tauts, as a security for the prin-
cipal and interest of said bonds. Al d
at any foreclosure sale OF said pie, ge,
the purchase shall have the said
privil' ge of so using the water works,
and may become corporation under
The ge1eral law for hat purpose, the
pr v,iega to last until the bonds are
pa d, principal acd interest, according
to the terms lhereof, it being tbs iu-
tention that the purchasers snail have
aud exercise a | the powers con fe1ed
upon he department OF water supply
un il the bonds for which they pur
CT age tire works shell have besn fully
pid. Thee powers and privileges
hsy may exercise in any way they
NAV select, tie obligation of the
bonds being continued in force af er
rsulo;ure sale for the sole pprprse Of
their satisfaction in the order of pr
o ity. As soon ss paid the works shall
again belong to tie city, to be man
aged by the department OF water sup
ply, as b fore.
5. The d psrtment, or, in the event
of foreclosure sale, the purchasers OF
the works, shall have power by con-
tract, from time to time, to establish
and fix the amount to be paid for each
and eve,y year by the city for its pub
lie water supply, which said amount
shall constitu an item of TX pencil
tute 10 be i0C udtd in the budget and
co elected as other taxes and paid over
g Their 10 the department or to the pur.
chsssrs at force osure sale. And If the
department. or the purchasers shall at
any time be unable to agree with the
City Government; upon tbs amount t.
BIZ included in the next budg t for
publ C water tax the Board of Police
and Fire @ mmiseioners shall sppoiL I
one taxpayer, tho department or pur.
chsstrs shall appoint another, and the
Chance. lor Of Shelby county another,
and tdete three shall fix the amount
to be 70 included.
6. The rates Of w'tar supply of all
other kinds shall be fixed by the de-
partment or by tia urchasers, and In
the event of any disagree sment be-
tween consumer and the department
or the pu cSasers as 10 the water rate
TO b. paid for the particular service,
ether may appeal to the Board oil
Police and Fire Commiss ionera, and
their decision shall be final. The
ra 'es of water supply shall be uniform
to all consumers for like service, and
the Board Of Police and Fire Ojmmis
sioners shall enforce this require me IT,
7. The Police and Fire Commits
eioDers shall have tbs Fame police
control over the department or iti
purchasers that it has over ind
pendent corporations OF similar char
acter engaged in the pub ic service
subject 10 reasonable restrictions anC
provisions. a
8, The department shall hsvs powe
by negotiation or purchase, or other ar
rang ment satisfactory to tho parties
to extipguish any claim of privileg
or franchise BY. the existing waite
company, or in event of failure OF suel
negotiation, to iuaugurate and conduc
tuchi litigation as may be necessary t
settle any conflict Of rights.
ADVANTAGES OF THE PLAN.
The APPEAL does not, of cours'
claim for this plan absolute per e C ion
but believes it TO be feasible, and em
tuent'y warlhy OF cons Iteration an,
discussion. Ia the fret place, it hs
the advau ages of both public an
ptisat4 institution, responsible for i
own Indebtedness and yet b 'longin
10 the city. The people would hav
the maj ayement Of lis affairs 10 tn
ext ut of eeoting the Commissinr er'
aud with such men as Ge1. Coltl
Greene, D.. D. I. Porter aud the Hot
John 0verton 1T its head, thsre coul
bs httls, If auy, p ssibility Of failure
MISS CARRIE NJ. HEATING, piauiE
= NAV be found at the Gayoso Hotel.